The selling wave was almost unprecedented, with a TICK below -2000 – the fifth largest ‘sell program’ in history.
As Bloomberg notes, sell programs of this size are typically not single events. They tend to happen in clusters and that probably means stocks might be in store for bigger losses.
This puke sent the S&P 500 to the lows of the year and into bear market territory.
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As we all expected, the collapse has started and is expediting. Gas hit another new high today even though the price of a barrel of oil would not even justify $4 a gallon. Russia continues to lower the price of their ruble with limited success.
A big tell: the price of silver vs. the price of a physical silver eagle. You pay over a 70% premium to buy a silver eagle instead of a paper contract.
Pay attention. Buy food and build community.
David DeGerolamo
Yessir. Whats the mantra? Local, local, local?
Got your lists? Printed everything out? Ready for the internet to go dark?